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Brookfield Business Corporation To Sell Its Global Construction Business Multiplex To Obayashi Corporation For $650M, Including Cash Proceeds Of ~$530M Upon Closing And A Future Earn-Out
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Founded in Australia in 1962, Multiplex was acquired by Brookfield in 2007. After spinning out its real estate assets and facilities management business, Multiplex became a standalone construction business as part of Brookfield Business Corporation in 2016.

Multiplex has significant operations across Australia, the United Kingdom and Canada. The business has delivered many of the world's most complex and iconic developments across the commercial, residential, healthcare, infrastructure, hospitality and mixed-use sectors.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2026.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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